Oracle 1z1-322 Q&A - in .pdf

  • 1z1-322 pdf
  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Sep 04, 2026
  • Q & A: 79 Questions and Answers
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Oracle 1z1-322 Exam Syllabus Topics:

SectionObjectives
Revenue Management and Billing Fundamentals- Business processes overview
  • 1. Billing lifecycle flow
    • 2. Revenue lifecycle flow
      - Core concepts of Oracle Revenue Management and Billing
      • 1. System architecture overview
        • 2. Key business objects and entities
          Revenue Recognition- Revenue accounting principles
          • 1. Deferred revenue handling
            • 2. Revenue recognition rules setup
              - Revenue reporting
              • 1. Revenue allocation methods
                • 2. Revenue schedules
                  Configuration and Setup- Customer and contract setup
                  • 1. Contract management setup
                    • 2. Account configuration
                      - Product and pricing configuration
                      • 1. Pricing rules and structures
                        • 2. Service products setup
                          Billing and Invoicing- Billing execution
                          • 1. Bill generation process
                            • 2. Bill adjustments and corrections
                              - Invoice management
                              • 1. Invoice lifecycle handling
                                • 2. Invoice generation and delivery
                                  Integration and Reporting- Reporting and analytics
                                  • 1. Custom reporting capabilities
                                    • 2. Standard reporting tools
                                      - System integration
                                      • 1. Integration with downstream ERP systems
                                        • 2. Integration with upstream systems

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          Question 1

                                          What is the syntax used to declare elements that are held together and can have multiple entries for the same data?

                                          A. Type=rowRef
                                          B. Type=list
                                          C. Type=group
                                          D. Type=businessObject
                                          E. Type=elements


                                          Question 2

                                          In addition to the base package tables/fields, which two options may be used to store additional attributes that may not fit into the base package tables/fields without introducing database changes?

                                          A. Custom child table(s) linked to base package parent tables
                                          B. Custom fields on base package tables
                                          C. Character Large Object (CLOB)
                                          D. Basic Large Object (BLOB)
                                          E. Characteristics


                                          Question 3

                                          Which option describes the steps that allow new custom data fields, that only accept numeric values, to be stored against a Customer?

                                          A. Define a Predefined Value Characteristic for the Person entity and add the digits 0-9 as Predefined values.
                                          B. Create a validation Algorithm, define a Field on the Person table, and set the Algorithm as the Validation Rule.
                                          C. Create a validation Algorithm, define an Adhoc Value Characteristic for the Person entity, and set the Algorithm as the Validation Rule.
                                          D. Create a Validation Algorithm, define a Lookup to hold the values, and set the Algorithm as the Java Value Name.
                                          E. Create a validation Algorithm, define a Field on the Customer table, and then set the Algorithm as the Validation Rule.


                                          Question 4

                                          Which three options can be used to display a User Interface (UI) map as a part of Business Process Assistant (BPA) Script?

                                          A. Business Process Assistant (BPA) Script Area
                                          B. Portal
                                          C. Zone
                                          D. Pop-Up
                                          E. Page


                                          Question 5

                                          Which entity defines the type of collections process to start based on age of debt, amount of debt, and type of customer?

                                          A. Collection Class Control
                                          B. Customer Class
                                          C. Collection Class
                                          D. Debt Class
                                          E. Collection Process Template


                                          Solutions:

                                          Question 1
                                          Answer: C
                                          Question 2
                                          Answer: A,D
                                          Question 3
                                          Answer: E
                                          Question 4
                                          Answer: A,C,E
                                          Question 5
                                          Answer: E

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